2568.11 kb - Compass Group

88 Compass Group PLC Annual Report 2007Notes to the Parent Company financial statementsfor the year ended 30 September 20071 Profit and loss account disclosuresThe Company profit on ordinary activities after tax was £637 million (2006: £699 million).The fee for the audit of the Company’s annual financial statements was £0.4 million (2006: £0.4 million).The Company had no direct employees in the course of the year (2006: none).2 Investments in subsidiary undertakings2007 2006Investments in subsidiary undertakings £m £mCost and net book valueAt 1 October 915 890Share-based payments to employees of subsidiaries 29 25Settlement of share-based payments by subsidiaries (11) –At 30 September 933 915The principal subsidiary undertakings are listed in note 37 to the consolidated financial statements.3 Debtors2007 2006Debtors £m £mAmounts falling due within one yearAmounts owed by subsidiary undertakings 4,821 3,217Deferred consideration receivable – 14Group relief receivable – 39Derivative financial instruments 7 9Other debtors – 32Amounts falling due within one year 4,828 3,311Amounts falling due after more than one yearDerivative financial instruments 13 22Amounts falling due after more than one year 13 224 Creditors2007 2006Creditors £m £mAmounts falling due within one yearLoan notes – 26Bank loans 4 4Bank overdrafts 278 300Group relief payable 4 –Derivative financial instruments – 2Amounts owed to subsidiary undertakings 3,415 1,230Accruals and deferred income 56 106Amounts falling due within one year 3,757 1,668Amounts falling due after more than one yearBonds 993 1,323Loan notes 384 426Bank loans 11 109Derivative financial instruments 15 18Deferred tax liability – 2Amounts falling due after more than one year 1,403 1,878